New Investors and Businesses
A total of 1,885 foreign companies have invested capital in the state, constituting 5.9 percent of all
corporations. Solidaridad (Playa del Carmen) and Benito Juárez (Cancun) set the pace numerically in this
source of capital, having accumulated 72.9 percent of investment recorded to March, 2005. The United States
occupies first place in investment in tourism destinations, with 35.4 per cent reflecting the participation of 656
companies. The second most important investor is Spain, with 229 investments in operation representing 12.3
percent of the private sector based in Quintana Roo.
These projects, contemplated within Strategic Plan 2025 promoted by
the Business Trust of Quintana Roo (Feqroo), could also produce a new
boost for other projects such as the Puerto Morelos Industrial Zone.
Already
underway is the Vitelcom consortium, whose capital includes
Brazilian and Spanish investors, which has launched a cellular
telephone assembly plant in Cancun, the first of its type in the nation's
southeastern region. Commercialization of the phones is being carried
out under the Telefónica MoviStar international brand.
Carlos Gauch, president of Consorcio Internacional, with annual sales exceeding $300 million USD, reports that
his company selected this vacation center because of strategic geographic location and ample availability of
communications facilities and air and maritime transportation.
He added
that the destination will have ample
facilities for importing raw materials as well as promoting exports
to all of Latin America, while making good use of the business relations that Mexico maintains with the rest of
the nations in the area. The company's management directed immediate expansion of the plant, which began
operations in the second stage of the Cancun Warehouse Center, and could produce four to five million units
annually.